Cambridge Investment Research Advisors Inc. Has $525,000 Holdings in Shake Shack, Inc. (NYSE:SHAK)

Cambridge Investment Research Advisors Inc. raised its stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 157.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,957 shares of the company's stock after buying an additional 3,642 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Shake Shack were worth $525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Shake Shack by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock worth $574,497,000 after buying an additional 49,883 shares during the period. Invesco Ltd. increased its position in shares of Shake Shack by 30.7% during the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock worth $161,613,000 after acquiring an additional 292,348 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Shake Shack by 17.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company's stock worth $116,078,000 after acquiring an additional 134,475 shares during the period. Dimensional Fund Advisors LP lifted its position in Shake Shack by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company's stock valued at $98,726,000 after acquiring an additional 19,320 shares in the last quarter. Finally, Wasatch Advisors LP raised its stake in shares of Shake Shack by 1.8% in the 4th quarter. Wasatch Advisors LP now owns 566,425 shares of the company's stock valued at $73,522,000 after purchasing an additional 10,147 shares during the period. 86.07% of the stock is owned by institutional investors.

Insider Activity at Shake Shack

In other news, Director Daniel Harris Meyer sold 20,000 shares of Shake Shack stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total value of $2,801,400.00. Following the transaction, the director owned 367,984 shares in the company, valued at approximately $51,543,518.88. This trade represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $127.49, for a total value of $504,350.44. Following the completion of the sale, the chief financial officer directly owned 35,750 shares in the company, valued at $4,557,767.50. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,391 shares of company stock valued at $11,869,925. Company insiders own 9.73% of the company's stock.

Shake Shack Price Performance

NYSE SHAK traded up $1.29 during midday trading on Thursday, hitting $142.02. The company had a trading volume of 880,440 shares, compared to its average volume of 1,205,296. The firm has a 50-day moving average price of $123.87 and a 200-day moving average price of $111.34. The company has a market capitalization of $6.06 billion, a PE ratio of 507.23, a P/E/G ratio of 3.29 and a beta of 1.77. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.50. Shake Shack, Inc. has a twelve month low of $72.93 and a twelve month high of $144.42.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a return on equity of 8.45% and a net margin of 0.97%. The firm had revenue of $320.90 million for the quarter, compared to the consensus estimate of $330.24 million. During the same period in the prior year, the company earned $0.13 EPS. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SHAK has been the topic of several analyst reports. Oppenheimer reiterated an "outperform" rating and set a $160.00 target price (up previously from $125.00) on shares of Shake Shack in a report on Thursday, June 26th. TD Cowen cut shares of Shake Shack from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research note on Monday, May 19th. KeyCorp assumed coverage on shares of Shake Shack in a research note on Monday, June 2nd. They set a "sector weight" rating on the stock. Truist Financial upped their target price on shares of Shake Shack from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Bank of America lifted their price target on Shake Shack from $112.00 to $134.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $124.90.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.